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Capital and Revenue Expenditures On February 13, GTS Co. paid $1,950 to install a hydraulic lift...
Capital and Revenue Expenditures On April 29, Welllington Co. paid $1,660 to install a hydraulic lift...
Capital and Revenue Expenditures On April 29, Welllington Co. paid $1,660 to install a hydraulic lift and $33 for an air filter for one of its delivery trucks. Journalize the entries for the new lift. April 29 Journalize the entry for air filter expenditures. April 29
Capital and Revenue Expenditures On August 7, Welllington Co. paid $2,430 to install a hydraulic lift...
Capital and Revenue Expenditures On August 7, Welllington Co. paid $2,430 to install a hydraulic lift and $34 for an air filter for one of its delivery trucks. Journalize the entries for the new lift. August 7 Journalize the entry for air filter expenditures. August 7
Capital Expenditures and Revenue Expenditures Quality Move Company made the following expenditures on one of its...
Capital Expenditures and Revenue Expenditures Quality Move Company made the following expenditures on one of its delivery trucks: Mar. 20. Replaced the transmission at a cost of $6,700. June 11. Paid $1,770 for installation of a hydraulic lift. Nov. 30. Paid $80 to change the oil and air filter. Prepare the journal entries for each expenditure. If an amount box does not require an entry, leave it blank. Mar. 20 Accumulated Depreciation-Delivery Truck Cash June 11 Delivery Truck Cash Nov....
11. EX.09-13 Capital and Revenue Expenditures Warner Freight Lines Co. incurred the following costs related to...
11. EX.09-13 Capital and Revenue Expenditures Warner Freight Lines Co. incurred the following costs related to trucks and vans used in operating its delivery service: Classify each of the costs as a capital expenditure or a revenue expenditure. Classification Cost 1. Changed the oil and greased the joints of all the trucks and vans. Changed the radiator fluid on a truck that had been in service for the past four years. 3. Installed a hydraulic lift to a van. 4....
eBook Calculator Capital and Revenue Expenditures Warner Freight Lines Co. incurred the following costs related to...
eBook Calculator Capital and Revenue Expenditures Warner Freight Lines Co. incurred the following costs related to trucks and vans used in operating its delivery service: Classificati Classify each of the costs as a capital expenditure or a revenue expenditure. Cost 1. Changed the oil and greased the joints of all the trucks and Vans. 2. Changed the radiator fluid on a truck that had been in service for the past four years, 3. Installed a hydraulic lift to a van....
Quality Move Company made the following expenditures on one of its delivery trucks: Mar. 20 June...
Quality Move Company made the following expenditures on one of its delivery trucks: Mar. 20 June 11 Replaced the transmission at a cost of $1,725. Paid $1,365 for installation of a hydraulic lift. Paid $57 to change the oil and air filter. Nov. 30 Prepare journal entries for each expenditure. Refer to the Chart of Accounts for exact wording of account titles.
Capital and revenue expenditures Instructions Quality Move Company made the following expenditures on one of its...
Capital and revenue expenditures Instructions Quality Move Company made the following expenditures on one of its delivery trucks: Mar. 20 Replaced the transmission at a cost of $1,990. June 11 Paid $1,455 for installation of a hydraulic lift. Nov. 30 Paid $57 to change the oil and air filter. Prepare journal entries for each expenditure. Refer to the Chart of Accounts for exact wording of account title. CHART OF ACCOUNTS Quality Move Company General Ledger ASSETS 110 Cash 111 Petty...
Units-of-activity Depreciation A truck acquired at a cost of $420,000 has an estimated residual value of...
Units-of-activity Depreciation A truck acquired at a cost of $420,000 has an estimated residual value of $21,750, has an estimated useful life of 59,000 miles, and was driven 5,300 miles during the year. Determine the following. If required, round your answer for the depreciation rate to two decimal places. (a) The depreciable cost $ (b) The depreciation rate $ per mile (c) The units-of-activity depreciation for the year $ Double-Declining-Balance Depreciation A building acquired at the beginning of the year...
QS 10-8 Revenue and capital expenditures LO C3 a. Paid $40,000 cash to replace a compressor...
QS 10-8 Revenue and capital expenditures LO C3 a. Paid $40,000 cash to replace a compressor on a refrigeration system that extends its useful life by four years. b. Paid $200 cash per truck for the cost of their annual tune-ups. c. Paid $175 for the monthly cost of replacement filters on an air-conditioning system. d. Completed an addition to an office building for $225,000 cash. 1. Classify the above transactions as either a revenue expenditure or a capital expenditure....
QS 8-9 Revenue and capital expenditures LO C3 a. Paid $52,000 cash to replace a motor...
QS 8-9 Revenue and capital expenditures LO C3 a. Paid $52,000 cash to replace a motor on equipment that extends its useful life by four years. b. Paid $260 cash per truck for the cost of their annual tune-ups. c. Paid $208 for the monthly cost of replacement filters on an air-conditioning system. d. Completed an addition to a building for $292,500 cash. 1. Classify the above transactions as either a revenue expenditure or a capital expenditure. 2. Prepare the...
Capital and Revenue Expenditures On April 29, Welllington Co. paid $1,660 to install a hydraulic lift and $33 for an air filter for one of its delivery trucks. Journalize the entries for the new lift. April 29 Journalize the entry for air filter expenditures. April 29
11. EX.09-13 Capital and Revenue Expenditures Warner Freight Lines Co. incurred the following costs related to trucks and vans used in operating its delivery service: Classify each of the costs as a capital expenditure or a revenue expenditure. Classification Cost 1. Changed the oil and greased the joints of all the trucks and vans. Changed the radiator fluid on a truck that had been in service for the past four years. 3. Installed a hydraulic lift to a van. 4....
eBook Calculator Capital and Revenue Expenditures Warner Freight Lines Co. incurred the following costs related to trucks and vans used in operating its delivery service: Classificati Classify each of the costs as a capital expenditure or a revenue expenditure. Cost 1. Changed the oil and greased the joints of all the trucks and Vans. 2. Changed the radiator fluid on a truck that had been in service for the past four years, 3. Installed a hydraulic lift to a van....
Quality Move Company made the following expenditures on one of its delivery trucks: Mar. 20 June 11 Replaced the transmission at a cost of $1,725. Paid $1,365 for installation of a hydraulic lift. Paid $57 to change the oil and air filter. Nov. 30 Prepare journal entries for each expenditure. Refer to the Chart of Accounts for exact wording of account titles.
QS 10-8 Revenue and capital expenditures LO C3 a. Paid $40,000 cash to replace a compressor on a refrigeration system that extends its useful life by four years. b. Paid $200 cash per truck for the cost of their annual tune-ups. c. Paid $175 for the monthly cost of replacement filters on an air-conditioning system. d. Completed an addition to an office building for $225,000 cash. 1. Classify the above transactions as either a revenue expenditure or a capital expenditure....
QS 8-9 Revenue and capital expenditures LO C3 a. Paid $52,000 cash to replace a motor on equipment that extends its useful life by four years. b. Paid $260 cash per truck for the cost of their annual tune-ups. c. Paid $208 for the monthly cost of replacement filters on an air-conditioning system. d. Completed an addition to a building for $292,500 cash. 1. Classify the above transactions as either a revenue expenditure or a capital expenditure. 2. Prepare the...
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